SRI POTTI SRIRAMULU NELLORE DISTRICT COOPERATIVE CENTRAL BANK LTD., NELLORE |
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31st March 2023 |
(All amounts are in Indian Rupees) |
S.No |
PARTICULARS |
Schedule |
Year ended on 31.03.2023 |
Year ended on 31.03.2022 |
INCOME |
1 |
Interest Earned |
13 |
1,38,97,79,907.94 |
1,03,83,22,399.09 |
2 |
Other Income |
14 |
2,76,21,565.97 |
1,81,70,228.55 |
|
Total :: |
1,41,74,01,473.91 |
1,05,64,92,627.64 |
Expenditure |
3 |
Interest expended |
15 |
84,58,65,936.11 |
67,86,12,597.02 |
4 |
Operating expenses |
16(A) |
22,34,16.833.15 |
17,00,95,469.67 |
5 |
Loss Provisions and contingencies |
16(B) |
13,39,76,687.89 |
2,15,89,001.55 |
|
Total :: |
1,20,32,59,457.15 |
87,02,97,068.24 |
PROFIT/LOSS |
|
Profit for the year |
|
21,41,42,016.76 |
18,61,95,559.40 |
6 |
Income Tax |
|
4,95,70,950.00 |
5,33,32,080.00 |
|
Total :: |
16,45,71,066.76 |
13,28,63.479.40 |
APPROPRIATIONS |
|
1Transfer to Statutory Reserve Fund |
50% |
– |
6,64,31,739.70 |
|
2Transfer to Risk Fund |
10% |
– |
1,32,86,347.94 |
|
3. Transfer to Dividend Equilisation Fund |
15% |
– |
1,99,29,521.91 |
|
4.Transfer to Tech.Adoption Fund |
10% |
– |
1,32,86,347.94 |
|
5.Transfer to Common Good Fund |
5% |
– |
66,43,173.97 |
|
6. Transfer to BuildingFund |
10% |
– |
1,32,86,347.94 |
|
Total:: |
100% |
– |
13,28,63,479.40 |
|
Significant Accounting policies |
17 |
|
Notes on Accounts |
18 |
As per our report of even date |
For and on the behalf The District Cooperative Central Bank Limited, Nellore |
M/s R. Ramesh Babu and Co., |
|
Chartered Accountants, |
|
Partner |
(Dr.C. Sankara Babu) |
M.No.228570 |
|
Place : Nellore |
|
Date : |
|